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Tyco International Reports Fourth Quarter Earnings From Continuing Operations Before Special Items of $0.61 Per Share and GAAP Earnings of $0.44 Per Share
Date:11/10/2009

) Quarter Ended Twelve Months Ended ------------- ------------------- September September September September 25, 2009 26, 2008 25, 2009 26, 2008 ---- ---- ---- ---- Net revenue $4,421 $5,284 $17,237 $20,199 Cost of sales 2,814 3,417 11,143 13,123 Selling, general and administrative expenses 1,193 1,301 4,657 4,906 Class action settlement, net - (3) - (10) Separation costs - - - 4 Goodwill and intangible asset impairments - 9 2,705 10 Restructuring, asset impairment and divestiture charges, net 99 131 219 225 -- --- --- --- Operating income (loss) $315 $429 $(1,487) $1,941 Interest income 12 11 44 110 Interest expense (76) (73) (301) (396) Other expense, net (19) (19) (7) (224) --- --- -- ---- Income (loss) from continuing operations before income taxes and minority interest 232 348 (1,751) 1,431 Income tax expense (23) (86) (78) (335) Minority interest (expense) income (2) 2 (4) (1) -- -- -- -- Income (loss) from continuing operations 207 264 (1,833) 1,095 (Loss) income
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SOURCE Tyco International Ltd.
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